SEC to commence 2026 recapitilization plan
The Securities and Exchange Commission (SEC) has announced that a comprehensive recapitalization exercise for all capital market intermediaries will begin in 2026, signaling a major shift in regulatory direction. The SEC’s Director-General, Dr. Emomotimi Agama, disclosed the plan on Monday during the Capital Market Committee meeting held in Lagos.
He explained that the initiative is part of broader efforts to support the Federal Government’s ambition of building a one-trillion-dollar economy within the targeted timeframe.
According to Agama, the forthcoming recapitalization aligns with the far-reaching reforms previously undertaken in Nigeria’s banking and insurance sectors. He stated that strengthening capital market institutions is critical to deepening the nation’s investment space and preserving investor confidence.
“A stronger capital market is essential to supporting economic growth and long-term investment flows,” he said, underscoring the urgency of enhancing regulatory frameworks.
Agama added that the programme is expected to promote business consolidation, bolster market resilience, encourage innovation and widen participation across the financial system. He noted that the reforms are designed to make Nigeria’s capital market more globally competitive and better positioned to attract sustainable investment.
The SEC will announce the new minimum capital requirements for intermediaries, as well as other key details, on January 16, 2026. Agama also confirmed that the commission has continued engagement with market operators to ensure they fully understand the purpose and implications of the planned changes.
He appealed to stakeholders to support the reforms, describing them as essential for building a stronger, more efficient and better regulated market. A more robust intermediary base, he said, would ultimately help fortify the financial ecosystem and enhance Nigeria’s economic outlook.
